Chapter
Investing In High-Priced Employees
24:42 - 29:54 (05:12)
Investing in a high-priced employee is a bet that the talent they bring to the table is worth more than what they're being paid for, and it can pay off big. Some companies hire employees making over $1 million per year, but it's not necessary for all positions.
Clips
The biggest obstacle to success is the fear of risk- aversion.
24:42 - 25:39 (00:57)
Summary
The biggest obstacle to success is the fear of risk- aversion. This is a tactical issue that can be overcome by creating unique content around specific subjects and seeking out top talent, even if it means taking on a little more risk.
ChapterInvesting In High-Priced Employees
Episode28 Ways To Reprogram Your Mind & Become Rich w/ Alex Hormozi EP 1340
PodcastThe School of Greatness
The speaker talks about how companies invest big amounts of money in top talent, betting that they will make more than what they are paying them.
25:39 - 29:54 (04:15)
Summary
The speaker talks about how companies invest big amounts of money in top talent, betting that they will make more than what they are paying them. He gives examples of hiring processes that took months and salaries that reach up to a million dollars per year.